Build to rent in Ocala vs Cape Coral?

[Amritha Puliadi Premnath]

Hi all, I came across build to rent SFH opportunities in Ocala and Cape Coral Florida. Would like to get insights into which might be a better investment. It's for a long term buy and hold. I am a out of state investor and planning to be on Florida's appreciation (population growth) with decent cash flow. Below are the details.

1. Ocala(Silver Spring Shores), property price $179k 3bed 2bath with monthly rent estimate $1350. B- Neighborhood, cash on cash 5%, advance $15k.

2. Cape Coral, property price $275k 4bed 2 bath with monthly rent 1950. B+ Neighborhood, cash on cash 4.5%, advance $5k.

Both markets seems to be strong rental markets. Any tips or techniques to filter down to one is really appreciate. What other factors do I need to consider?